Chester County News and Community Website
WASHINGTON, D.C. — Six federal regulatory agencies have announced a crucial new rule aimed at bolstering the credibility and integrity of automated valuation models (AVMs) used in mortgage valuations. This …
Federal Agencies Implement New Rule to Ensure Accuracy in Mortgage Valuations Read More
SEATTLE, WA — The median U.S. home-sale price soared to an all-time high of $397,482 in the four weeks ending July 7, marking a 4.7% increase from the previous year, …
U.S. Home Sale Prices Hit Record High Despite Cooling Market Read More
WASHINGTON, D.C. — The Federal Financial Institutions Examination Council (FFIEC) has released detailed data on mortgage lending transactions for 2023, offering a comprehensive overview of the U.S. mortgage market. This …
FFIEC Releases 2023 Mortgage Lending Data, Reveals Trends and Insights Read More
WASHINGTON, D.C. — Potential relief is on the horizon for homeowners grappling with mortgage woes, thanks to new rules proposed by the Consumer Financial Protection Bureau (CFPB). The bureau is …
Home Sweet Home: CFPB Proposes Sweeping Changes to Protect Struggling Homeowners Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published updated data from the National Survey of Mortgage Originations (NSMO). This latest …
CFPB and FHFA Release New Data on Mortgage Trends Read More
ROCHESTER, NY — Sutherland has issued a response to the Consumer Financial Protection Bureau‘s (CFPB) recent actions regarding work it performed as a subcontractor for NOVAD Management Consulting, which concluded …
Sutherland Responds to CFPB Agreement Over NOVAD Subcontract Read More
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) has brought the hammer down on a major reverse mortgage servicing operation. This decisive action follows a concerning discovery by the …
Crackdown on Reverse Mortgage Servicers: A Victory for Aging Homeowners Read More
SEATTLE, WA — A new analysis from Zillow® reveals that to comfortably afford a typical home in the U.S., the median-income homebuyer needs nearly $127,750 for a down payment. This …
Soaring Down Payments Challenge U.S. Homebuyers Read More WASHINGTON, D.C. — The U.S. Department of Veterans Affairs announced significant changes to its home loan program, allowing eligible Veterans, active-duty service members, and surviving spouses to pay for certain …
VA Updates Home Loan Rules to Help Veterans Compete in Housing Market Read More
IRVINE, CA — A new report by ATTOM highlights potential instability in various county-level housing markets across the United States. The study, focusing on home affordability, underwater mortgages, foreclosures, and …
US Housing Market Risk Report Reveals Potential Decline In Vulnerable States Read More